A very good morning, I am standing here again at a beautiful spot in the Dutch countryside. A short video; I have been seriously toying with the idea of talking a bit more about digital currencies, cryptocurrencies, Bitcoin in particular, and Ethereum. Because very many people actually know very little about them, and just like in 2008 – a major crisis – we have once again arrived in a time that is frightening for many people.
Bank purchasing policy
Especially the banks in America are printing dollars like crazy as if it were nothing. And we see that kind of movement in Europe too; the banks are buying up debt and the taxpayer gets to foot the bill again. Those are not good signs. That points to another recession, and how are we going to deal with that? And the nice and special thing about trading in general, but particularly in cryptocurrencies, is that you also learn a lot about yourself. How do you deal with fear? How do you handle creating a strategy for yourself to secure some money?
Furthermore, I firmly believe that Bitcoin is going to become the new gold. For that to happen, it obviously needs to be accepted by the masses, but if you just look at its fundamentals;
- What is Bitcoin?
- Why is it such a good invention?
You will naturally come to understand why it can be a solution to the problems we are currently facing. You can already see it in Venezuela. Incredible hyperinflation and people jumping on cryptocurrencies; Dash, Bitcoin, to safeguard their assets/their money, and it works.
So there is a twofold reason why I want to make these videos:
- tell more about what Bitcoin is to make it more known among people
- How did you get it?
- How can you use it?
Even if you invest only 1% of your money, you can reap the rewards in just a few years. An informed person is worth two!
What is a recession?
Recession literally means “decline" or "declineIn the case of an economic recession, this means that there is a decline in economic growth, measured in Gross Domestic Product, for a period of six months.
What is the Gross Domestic Product?
This is the value of all goods and services produced in a country during a specific period. Therefore, when this GDP shows negative growth for two consecutive quarters, we speak of a recession.